Q:
A:
Debt reprogramming for companies soon
Belgrade,
8 April 2011
Minister of Economy and Regional Development Nebojsa Ciric stated today that measures to reprogramme companies’ debts are being contemplated, announcing that a decision will most likely be made over the next several weeks.
Author:
Tanjug
Ciric told the press that measures on reprogramming companies’ debts are being discussed in the government and with the National Bank of Serbia, adding that they will enable a 12-moth grace period and thus greatly alleviate the economy.
These measures will also enable companies to reprogramme their payables, he said, stressing that they must service their debts for VAT.
The Minister voiced his expectation that the measures, which the government yesterday adopted regarding facilitated repayment of citizens’ long-term loans, will help to improve the living standard.
In the period ahead, measures pertaining to employment will also be adopted, especially the ones concerning people who work illegally, without an employment contract and the right to pension, social or health insurance.
Ciric noted that new jobs must be created in the days ahead, and effort must be made to increase salaries within realistic limits, that is, that their growth should remain above inflation growth, Ciric concluded.
These measures will also enable companies to reprogramme their payables, he said, stressing that they must service their debts for VAT.
The Minister voiced his expectation that the measures, which the government yesterday adopted regarding facilitated repayment of citizens’ long-term loans, will help to improve the living standard.
In the period ahead, measures pertaining to employment will also be adopted, especially the ones concerning people who work illegally, without an employment contract and the right to pension, social or health insurance.
Ciric noted that new jobs must be created in the days ahead, and effort must be made to increase salaries within realistic limits, that is, that their growth should remain above inflation growth, Ciric concluded.
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